Fiscal policy

Turkey's current account posts $5.06 bln gap in April

Turkey's current account balance posted a $5.06 billion gap in April, widening from a $469 million deficit in the same month last year, the Turkish Central Bank announced on June 12.

According to the balance of payments figures released by the bank, the country's 12-month rolling deficit totaled $3.3 billion.

EC recommends Romania to avoid implementing permanent measures endangering fiscal sustainability

The European Commission has recommended Romania to pursue fiscal policies in line with the Council's recommendation of 3 April 2020 that Romania should put an end to the present excessive deficit situation by 2022 at the latest, according to the recommendations in the European Semester Spring package released on Wednesday.

FinMin Citu: It's first time in history when fiscal, monetary policy work almost perfectly

It's the first time in history when fiscal and monetary policy work nearly perfectly, stated, on Monday evening, at private broadcaster B1TV, the Minister of Public Finance, Florin Citu, mentioning that the message given by the National Bank of Romania (BNR) is very important. "Besides the relaxed fiscal policy we now have another impulse.

FinMin Citu: Budget revenues in May will not look very good, strong June is needed

Budget revenues in May will not look very good, so fiscal and monetary policies need to be relaxed even more, so that revenues in June are very good, the Minister of Public Finance Florin Citu said on Friday to the private TV broadcaster Digi 24. "In April, in the midst of an overlapping crisis, both economic and health, we managed to collect more to the budget than last year.

Every Family in Vienna Gets 50-euro Voucher for Local Restaurants and Cafes

All 950,000 households in Vienna will receive vouchers to help restaurants and cafes get back on their feet after a two-month coronavirus lockdown, mayor Michael Ludwig has announced.

The city will give 50 euros ($A84) to every home where several people live together, and 25 euros for single households.

EU Commission calls for state guarantees for vouchers for cancelled travel

The European Commission will tell countries in the European Union to provide state guarantees for travel vouchers during the coronavirus pandemic, if they prefer people to accept the vouchers instead of cash refunds, according to a strategy document seen by Reuters.

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